SB1686 - Tennessee: Forest And Forest Products, Revenue, Revenue, Dept. Of, Taxes, Taxes, Sales

Companion Bill HB1906. Taxes, Sales - States explicitly that sales tax exemption for gasoline and diesel fuel used for agricultural purposes, as provided by 67-6-329(a)(1), also applies to gasoline and diesel fuel used by loggers for off-road purposes. - Amends TCA Title 67, Chapter 3 and Title 67, Chapter 6. Fiscal Summary for *SB1686 / HB1906(CORRECTED) Decrease State Revenues - $65,000 / Highway Fund $2,000 / General Fund Decrease Local Govt. Revenues - $23,000 Bill Summary for *SB1686 / HB1906 Present law imposes a tax of 20 cents per gallon on gasoline. A person who uses any taxable gasoline for agricultural purposes on which the gasoline tax has been paid is entitled to a refund of the gasoline tax, except 1 cent per gallon. Present law defines "agricultural purposes" as operating tractors or other farm [...]

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